How does Payroll Process helps Your Business (1)

How does Payroll Process help YOUR Business!!

“To achieve something concrete, one must take multiple small steps”, that is what we should do with the payroll. From initial stage means defining the payroll policies till pay out to the employees, every step of this process must be taken in such a way that does not lead to non- adherence of statutory compliances causes any penalty and gives satisfaction to the employees and employer both.

Stages of Payroll Processing

  1. Pre-Payroll preparation:
    1. Defining and drafting of Payroll Policy
    1. Defining the components of Salary Structures
  2. Payroll Calculation:
    1. Data Collection
    1. Data Validation
    1. Payment calculation
  3. Post-Payroll process:
    1. Data recording for management
    1. Paying and filing of Statutory dues
    1. Pay out to employees

To avoid some costly payroll errors that might lead to financial mistakes, employees’ s grievances or legal penalties, it is important to follow the exact payroll process.

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Working Together as a Team

When, while the lovely valley teems with vapor around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth, a thousand unknown plants are noticed by me: when I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel the presence of the Almighty, who formed us in his own image, and the breath of that universal love which bears and sustains us, as it floats around us in an eternity of bliss; and then, my friend, when darkness overspreads my eyes, and heaven and earth seem to dwell in my soul and absorb its power, like the form of a beloved mistress, then I often think with longing, Oh, would I could describe these conceptions, could impress upon paper all that is living so full and warm within me, that it might be the mirror of my soul, as my soul is the mirror of the infinite God!

O my friend — but it is too much for my strength — I sink under the weight of the splendor of these visions! A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine.

I am so happy, my dear friend, so absorbed in the exquisite sense of mere tranquil existence, that I neglect my talents. I should be incapable of drawing a single stroke at the present moment; and yet I feel that I never was a greater artist than now.

When, while the lovely valley teems with vapor around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth, a thousand unknown plants are noticed by me: when I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel the presence of the Almighty, who formed us in his own image, and the breath of that universal love which bears and sustains us, as it floats around us in an eternity of bliss; and then, my friend, when darkness overspreads my eyes, and heaven and earth seem to dwell in my soul and absorb its power, like the form of a beloved mistress, then I often think with longing, Oh, would I could describe these conceptions, could impress upon paper all that is living so full and warm within me.